Press coverage about Colfax Corporation (NYSE:CFX) has trended somewhat positive this week, Accern Sentiment reports. The research group ranks the sentiment of media coverage by monitoring more than twenty million news and blog sources in real-time. Accern ranks coverage of companies on a scale of -1 to 1, with scores closest to one being the most favorable. Colfax Corporation earned a news impact score of 0.07 on Accern’s scale. Accern also assigned news stories about the industrial products company an impact score of 48.107335300889 out of 100, indicating that recent media coverage is somewhat unlikely to have an impact on the stock’s share price in the immediate future.
These are some of the media headlines that may have effected Accern Sentiment Analysis’s analysis:
CFX has been the subject of a number of research reports. Zacks Investment Research upgraded Colfax Corporation from a “hold” rating to a “buy” rating and set a $47.00 price objective for the company in a report on Monday, October 9th. BidaskClub downgraded Colfax Corporation from a “buy” rating to a “hold” rating in a report on Friday, July 28th. Royal Bank Of Canada reiterated a “buy” rating and set a $45.00 price objective on shares of Colfax Corporation in a report on Wednesday, September 27th. Robert W. Baird upgraded Colfax Corporation from a “neutral” rating to an “outperform” rating and increased their price objective for the stock from $47.00 to $50.00 in a report on Monday, July 31st. Finally, Cowen and Company downgraded Colfax Corporation from an “outperform” rating to a “market perform” rating in a report on Wednesday, October 18th. Three equities research analysts have rated the stock with a sell rating, five have given a hold rating and seven have given a buy rating to the company. The company currently has an average rating of “Hold” and a consensus target price of $46.40.
Colfax Corporation (NYSE:CFX) traded down $0.10 during mid-day trading on Monday, reaching $35.44. The company’s stock had a trading volume of 670,504 shares, compared to its average volume of 713,150. The company has a debt-to-equity ratio of 0.38, a quick ratio of 1.47 and a current ratio of 1.80. The company has a market capitalization of $4,375.54, a P/E ratio of 21.41, a price-to-earnings-growth ratio of 2.22 and a beta of 1.30. Colfax Corporation has a 12-month low of $33.31 and a 12-month high of $43.29.
Colfax Corporation (NYSE:CFX) last posted its quarterly earnings results on Monday, November 6th. The industrial products company reported $0.42 earnings per share for the quarter, meeting the Zacks’ consensus estimate of $0.42. The firm had revenue of $844.50 million during the quarter, compared to the consensus estimate of $901.09 million. Colfax Corporation had a return on equity of 6.26% and a net margin of 4.89%. The business’s revenue was up 10.2% compared to the same quarter last year. During the same period last year, the company earned $0.39 earnings per share. equities analysts forecast that Colfax Corporation will post 1.72 EPS for the current fiscal year.
In other Colfax Corporation news, SVP Stephen Wittig sold 29,189 shares of the firm’s stock in a transaction that occurred on Thursday, September 7th. The stock was sold at an average price of $39.30, for a total value of $1,147,127.70. Following the completion of the transaction, the senior vice president now directly owns 15,479 shares in the company, valued at $608,324.70. The transaction was disclosed in a filing with the SEC, which can be accessed through the SEC website. 10.60% of the stock is owned by company insiders.
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About Colfax Corporation
Colfax Corporation is an industrial manufacturing and engineering company. The Company provides gas and fluid handling and fabrication technology products and services to customers around the world. The Company’s segments include Gas and Fluid Handling, and Fabrication Technology. The Gas and Fluid Handling segment supplies a range of gas and fluid handling products, including heavy-duty centrifugal and axial fans, rotary heat exchangers, gas compressors, pumps and certain related products, as well as aftermarket and lubrication-related services, which serves customers in the power generation, oil, gas and petrochemical, mining, marine (including defense) and general industrial and other end markets.
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